11:46 AM EDT, 03/28/2025 (MT Newswires) -- Abitibi Metals ( AMQFF ) on Friday revised its bought-deal financing in response to Quebec announcing earlier this week that it is introducing changes to the treatment of Quebec critical minerals flow-through tax credits.

The company will now issue, on a bought deal basis, 16-million charity flow-through shares, up from the previous 12.5-million offering, at $0.45 each, and nine-million common shares, down from 12.5 million, at $0.28 each, to raise a combined total of $10 million, which remains unchanged. The underwriters have also been granted a 15% over-allotment option.

The offering is expected to close about April 10.

Proceeds from the flow-through shares will be used to develop the B26 Polymetallic Deposit, while proceeds from the shares will be used for general corporate purposes.

Abitibi Metals ( AMQFF ) was last seen down $0.005 to $0.28 on the Canadian Securities Exchange.

Price: 0.28, Change: -0.01, Percent Change: -1.79